COINTELEGRAPH · 2026-11-03 10:04 UTC

Bitcoin price threatens $77.7K support loss with recent buyers underwater

Bitcoin fell below $77,700, the cost basis of buyers from one to three months ago, which could now act as resistance as these underwater traders seek to exit at breakeven. Short-term holders with a cost basis of $75,832 are approaching net loss territory, with the next key support level at $68,400 representing a 12% aggregate loss. CryptoQuant analysis warns that the narrowing gap between current price (~$76,500) and trader cost basis suggests potential for further downside pressure.

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